Nuvias has been acquired by Infinigate in a move which will form a pan-European player with €1.4 billion in revenues.
Nuvias’ Unified Communications business, which is based on its 2016 acquisition of Siphon, is not included in the deal and will become a separate entity under Rigby.
Rigby Group will become a shareholder in Infinigate Group following the acquisition, along with Infinigate investor Bridgepoint.
Infinigate was founded in 1996. It took on investment from Bridgepoint in March 2021 and turned over €813 million in its year ending 31 March 2022.
Including its UC business, Nuvias reported revenues of £560 million in its in 2022 ending 31 March, 36 percent higher than the previous year, or 25 percent higher excluding its UC business.
In the 2021 financial year , the UK generated more than half of its total revenues at £220.7 million.
The acquisition will significantly bolster Infinigate’s presence in the UK, France, Benelux and Nordics territories as well as covering Southern Europe and entering the eastern European market.